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How much you make per day

  • #1
  • First Post: Dec 13, 2007 9:23am Dec 13, 2007 9:23am
Hi, I am newbie and would like to know how many pips/$ per day can you make with 200$ or 1000$ initial deposit per day on i.e. 100 leverage.

Thanks for the information.

Regards
  • #2
  • Dec 13, 2007 9:39am Dec 13, 2007 9:39am
You can drain your account every day if you don't forget to refill it every morning
  • #3
  • Dec 13, 2007 9:47am Dec 13, 2007 9:47am
My target is 1% gain per day on my account.

I risk no more than 2% on any trade.

Forget 100:1 leverage.

Plan your trade, set your stop where it belongs, then calculate your position size so that you meet your risk requirement.

Also, 1% per day comes out to 1000% per year. So 10,000 becomes 100,000 in one year.

In 5 years when you are very good at this you can average 2% per day, then 10,000 becomes 1 million in 1 year.
  • #4
  • Dec 13, 2007 10:04am Dec 13, 2007 10:04am
Quoting pircj
Hi, I am newbie and would like to know how many pips/$ per day can you make with 200$ or 1000$ initial deposit per day on i.e. 100 leverage.

Thanks for the information.

Regards
you could in theory make 10% per day on your account.. but in reality you will probably lose 90% daily if you try it
  • #5
  • Dec 13, 2007 10:14am Dec 13, 2007 10:14am
my history is somehow weird.

i live in a communist country and i cant get external currency (Venezuela).
have seen forex this as an escape to help my family, so far started with just $2 earned from a ptc site and that was about 2 months ago.
now money on egold is about $20 and making around $1 a day.
(of course i have been demotrading stocks and forex for about 1 year so its pretty exciting, also tons of free fxstreet seminars have helped.)

still i feel really happy, hope to progress more and finally find a greedy guy want to invest with me and probably make a live out of this.

end of my history, start low get high.
  • #6
  • Dec 13, 2007 10:26am Dec 13, 2007 10:26am
Quoting pircj
Hi, I am newbie and would like to know how many pips/$ per day can you make with 200$ or 1000$ initial deposit per day on i.e. 100 leverage.

Thanks for the information.

Regards
with 1 pip profit a day, you can make 50% ROE per year. That is far better than a top class Hedge Fund of the world.

Forget about 100% - 10,000% a year. Create a system that you can make 1 pip a day. Dont make it harder....less stress... more freedom... Simple...
Trainee at UBS Investment Banking
  • #7
  • Dec 13, 2007 10:28am Dec 13, 2007 10:28am
i make as much money as i can...

Seriously, how much money a trader makes per day/month/year it's a variable. It depends on your account size, on your risk and on your trading system.

You should first try to find a trading system, and only afterward calc how much money can you make using your initial deposit of 1000$
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #8
  • Dec 13, 2007 10:40am Dec 13, 2007 10:40am
Quoting semar
i make as much money as i can...

Seriously, how much money a trader makes per day/month/year it's a variable. It depends on your account size, on your risk and on your trading system.

You should first try to find a trading system, and only afterward calc how much money can you make using your initial deposit of 1000$
yes, my recommendation is start with microaccount and try to develop a strategy for risk management and trading. avoid to eat the systems that are offered anywhere else that promise to give you titanic profits.
if they were making enough money after all i think they were not putting so much effort into selling that c*ap.

my last advise is try to follow the pros. spot good guys around here in the forum, and reconfirm your strategies, remember this a probability game where 95% lose yet 5% make good profits.

avoid greed which leads to the dark side = overtrading.
respect the market!.
  • #9
  • Dec 13, 2007 10:51am Dec 13, 2007 10:51am
Quoting th_ngue21
with 1 pip profit a day, you can make 50% ROE per year. That is far better than a top class Hedge Fund of the world.

Forget about 100% - 10,000% a year. Create a system that you can make 1 pip a day. Dont make it harder....less stress... more freedom... Simple...
I make 50% per year doing nothing. There are mutual funds that are performing 80 - 100% if you know which ones to go with. Set it and forget it.

So why go into forex for 50% per year? Why, when a good trader can consistently make 1000% or better?

Also, to make 1 pip and give the broker 2 - 10 pips spread on every trade is not productive, that will eat you up. I could never trade that way. If it works for you, then do it.

I suggest to choose your trades well and make some decent pips every day, then you can make a good return and still manage your risk/stress.
  • #10
  • Dec 13, 2007 11:04am Dec 13, 2007 11:04am
Quoting blueruby
My target is 1% gain per day on my account.

I risk no more than 2% on any trade.

Forget 100:1 leverage.

Plan your trade, set your stop where it belongs, then calculate your position size so that you meet your risk requirement.

Also, 1% per day comes out to 1000% per year. So 10,000 becomes 100,000 in one year.

In 5 years when you are very good at this you can average 2% per day, then 10,000 becomes 1 million in 1 year.
started yet? if yes, how has it gone so far?
thank you
  • #11
  • Dec 13, 2007 5:26pm Dec 13, 2007 5:26pm
Read the past posts on this subject. This has been brought up many times before.
  • #12
  • Dec 13, 2007 5:43pm Dec 13, 2007 5:43pm
Quoting blueruby
I make 50% per year doing nothing. There are mutual funds that are performing 80 - 100% if you know which ones to go with. Set it and forget it.

So why go into forex for 50% per year? Why, when a good trader can consistently make 1000% or better?

Also, to make 1 pip and give the broker 2 - 10 pips spread on every trade is not productive, that will eat you up. I could never trade that way. If it works for you, then do it.

I suggest to choose your trades well and make some decent pips every day, then you can make a good return and still manage your risk/stress.
....

Dude,

1 pips profit a day is not my strategy, I would say that in Forex you can make huge returns with leverage 1:100 than in other markets. Most stock traders are very happy with 50% ROE return per year.

0,01% Forex traders can make 1000% per year in 10 years. If you could do that, then you are great!
Trainee at UBS Investment Banking
  • #13
  • Dec 13, 2007 5:53pm Dec 13, 2007 5:53pm
Quoting th_ngue21
....
Dude,
1 pips profit a day is not my strategy,
Then why tell someone else to trade that way? Especially someone who is brand new? Dude?
Quote
Most stock traders are very happy with 50% ROE return per year.
Of course! So why work every day in forex if you can make 50% in funds?
Quote
0,01% Forex traders can make 1000% per year in 10 years.

Where did you get this figure?
Quote
If you could do that, then you are great!

If you're not great at something, why do it?
  • #14
  • Dec 13, 2007 6:09pm Dec 13, 2007 6:09pm
Quoting blueruby
If you're not great at something, why do it?

  • #15
  • Dec 13, 2007 6:21pm Dec 13, 2007 6:21pm
Quoting blueruby
Then why tell someone else to trade that way? Especially someone who is brand new? Dude?
Read: I would say that in Forex you can make huge returns with leverage 1:100 than in other markets.

Quoting blueruby
Of course! So why work every day in forex if you can make 50% in funds?
90% lose money in forex at full time trading. Why not trade parttime? Less stress, more freedom etc.. Or the less important idea.. Why not borrow money for 9% inerest per year and go trade for 1 pip profit a day with only 5 minutes work? If that guy knows how to manage that money he can make in 3 years from $1000 to 1,000,000 with only 1 pips profit a day.

Quoting blueruby
Where did you get this figure?
Look, 10% make money. 1% make +100% per year. 10% of the profitable traders make 1000% per year maybe? That is 0,01% of forex traders.

Why do you like to become the 0,01% of forex traders? It is very difficult to archieve that goal, and of course it is possible, but not for everyone.
I am happy with 100% return per year only 1 hour a day work and I can always borrow money for 9% interest, so I can earn more.

If you're not great at something, why do it? [/quote]

You can know how great you are if you have try it out for yourself.
Trainee at UBS Investment Banking
  • #16
  • Dec 13, 2007 6:34pm Dec 13, 2007 6:34pm
how much u make per day is irrelevant. try how much do u make in a year.

long term, consistent return with 1% return daily is unrealistic. stop soiling ur pants
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  • #17
  • Dec 13, 2007 9:12pm Dec 13, 2007 9:12pm
Quoting th_ngue21


Look, 10% make money. 1% make +100% per year. 10% of the profitable traders make 1000% per year maybe? That is 0,01% of forex traders.
Where did you get these figures? Do you have a reference?
  • #18
  • Dec 14, 2007 12:04am Dec 14, 2007 12:04am
Quoting blueruby
My target is 1% gain per day on my account.

I risk no more than 2% on any trade.

Forget 100:1 leverage.

Plan your trade, set your stop where it belongs, then calculate your position size so that you meet your risk requirement.

Also, 1% per day comes out to 1000% per year. So 10,000 becomes 100,000 in one year.

In 5 years when you are very good at this you can average 2% per day, then 10,000 becomes 1 million in 1 year.
Hey Blue

1000% a year?

I find this very hard to believe that traders can consistantly turn over a prifit like this (but not impossible). If someone were to do this, it would not take them long untill they surpass that wealth of Bill Gates. I have not heard of any traders that wealthy.

Not trying to pick a fight here, just interested. Where did you get that information?

Cheers
  • #19
  • Dec 14, 2007 12:08am Dec 14, 2007 12:08am
look most of these ppl have not traded more than a few years. i'm not claiming i have traded long either, but i dont mislead others about ridiculous numbers.

show me someone with at least 5 years of 10000% annual return. plz do.
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  • #20
  • Dec 14, 2007 1:04am Dec 14, 2007 1:04am
Quoting jjk2
look most of these ppl have not traded more than a few years. i'm not claiming i have traded long either, but i dont mislead others about ridiculous numbers.

show me someone with at least 5 years of 10000% annual return. plz do.
It is possible to make 1000% for 1 or 2 years in a row.
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